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Oil Country Tubular Goods (OCTG) Chemicals Market 2023 - Outlook, Demand Factor, Growth Rate, And Forecast To 2032 | ArcelorMittal S.A., Iljin Steel Co. Ltd., JFE Steel Corporation
Oil Country Tubular Goods (OCTG) Market
Oil Country Tubular Goods (OCTG) Market Size, Growth Rate, And Forecast
The global oil country tubular goods (OCTG) market size is expected to grow from $24.97 billion in 2022 to $27.24 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The global oil country tubular goods (OCTG) market size is expected to grow to $37.82 billion in 2027 at a CAGR of 8.6%.
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Oil Country Tubular Goods (OCTG) Market Drivers
An increase in exploration and drilling operations is expected to propel the growth of the oil country tubular goods market going forward. Oil and gas exploration includes the procedures and techniques used to identify potential locations for drilling and extracting hydrocarbons. The surge in demand for energy across the globe has favored the rise in oilfield exploration. Oil country tubular goods such as casing, tubing, piping, and pipelines are used in the oilfields. They serve as important components for the design of pipelines for oil and gas wells and act as a conduit for the efficient and safe extraction of resources.
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Oil Country Tubular Goods (OCTG) Market Segments
• By Product: Well Casing, Product Tubing, Drill Pipe
• By Manufacturing Process: Electric Resistance Welded (ERW), Seamless
• By Grade: API Grade, Premium Grade
• By Application: Onshore, Offshore
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Oil country tubular goods (OCTG) market.
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Oil Country Tubular Goods (OCTG) Market Key Players
Major competitors in the Oil country tubular goods (OCTG) market include ArcelorMittal S.A., Iljin Steel Co. Ltd., JFE Steel Corporation, Nippon Steel Corporation, Tenaris S.A., TMK Group, United States Steel Corporation, EVRAZ PLC., NOV Inc., Oil Country Tubular Limited, Sumitomo Corporation, Vallourec S.A., U.S. Steel Tubular Products Inc., Continental Alloys, and Kelly Pipe Co. LLC.
The Business Research Company's "Global Oil Country Tubular Goods (OCTG) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Oil Country Tubular Goods (OCTG) Market Include:
1. Executive Summary
2. Oil Country Tubular Goods (OCTG) Market Characteristics
3. Oil Country Tubular Goods (OCTG) Market Trends And Strategies
4. Oil Country Tubular Goods (OCTG) Market - Macro Economic Scenario
5. Oil Country Tubular Goods (OCTG) Market Size And Growth
……
26. Africa Oil Country Tubular Goods (OCTG) Market
27. Oil Country Tubular Goods (OCTG) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oil Country Tubular Goods (OCTG) Market
29. Oil Country Tubular Goods (OCTG) Market Future Outlook And Potential Analysis
30. Appendix
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